How to Peel a Million: Validating and Expanding Bitcoin Clusters presented at USENIX Security 2022

by George Yousaf,

Tags: Measurement IV

Summary : One of the defining features of Bitcoin and the thousands of cryptocurrencies that have been derived from it is a globally visible transaction ledger. While Bitcoin uses pseudonyms as a way to hide the identity of its participants, a long line of research has demonstrated that Bitcoin is not anonymous. This has been perhaps best exemplified by the development of clustering heuristics, which have in turn given rise to the ability to track the flow of bitcoins as they are sent from one entity to another.